温州宏丰: 关于提前赎回“宏丰转债”的第二次提示性公告

Core Viewpoint - Wenzhou Hongfeng Electric Alloy Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for a specified period, leading to a decision to redeem the bonds at a price of 100.92 yuan per bond [2][6][7]. Group 1: Convertible Bond Redemption - The company has decided to exercise its right to redeem the "Hongfeng Convertible Bonds" early, based on the current market conditions and to reduce interest expenses [2][6]. - The redemption price is set at 100.92 yuan per bond, which includes accrued interest calculated based on a 2.0% annual interest rate [7][8]. - The redemption will be completed by September 5, 2025, with the bonds being delisted from the Shenzhen Stock Exchange after the redemption [8][9]. Group 2: Bond Issuance and Terms - The "Hongfeng Convertible Bonds" were issued with a total fundraising amount of 321.26 million yuan, netting 315.06 million yuan after expenses [2]. - The initial conversion price was set at 6.92 yuan per share, which has been adjusted to 5.35 yuan per share due to various factors including profit distribution [3][5][6]. - The bonds were listed on the Shenzhen Stock Exchange on April 8, 2022, and have a conversion period from March 21, 2022, to March 14, 2028 [3][4]. Group 3: Conditions for Redemption - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days within a 30-day period [6][7]. - As of July 31, 2025, the stock price has met this condition, prompting the board to approve the early redemption [2][6]. Group 4: Shareholder Information - The company has confirmed that there have been no transactions of the convertible bonds by major shareholders or executives in the six months leading up to the redemption condition being met [8]. - Shareholders are advised to consult their brokerage firms regarding the conversion process before the redemption [9].